Manchester City claimed associated party transaction regulations were ‘unlawful’
Manchester City fans celebrate after Manchester City's Rodrigo scores his side's third goal during the English Premier League soccer match between Manchester City and West Ham United at the Etihad Stadium in Manchester, England, on May 19, 2024.Manchester City and the English Premier League both claimed victory on Monday after one of the league’s key regulations relating to financial fairness was challenged.
The league said the tribunal found its associated party transaction rules to be “necessary” and “rejected the majority of Manchester City’s challenges.” City said in a statement, “The club has succeeded with its claim: The associated party transaction rules have been found to be unlawful and the Premier League’s decisions on two specific MCFC sponsorship transactions have been set aside.”
One key finding in City’s favour was that shareholder loans – which could be offered at lower or no interest rates – should not be excluded from APT rules.
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